fossil fuels

Climate commitments at the 'One Planet Summit'

Paris - Muslimchronicle

Moving away from using fossil fuels and leaning heavily on businesses to green up their act, the "One Planet Summit" in Paris on Tuesday set out a raft of wide-ranging commitments to turn the tables on climate change. Here are five of the major areas covered during the summit: - Oil and gas - The World Bank said it would stop financing oil andRead more

Fossil fuel investment spells 'unsustainable future'

Bonn - Muslimchronicle

Continued investment in fossil fuels would doom mankind to an "unsustainable future", UN chief Antonio Guterres said Wednesday, and warned time was running out to prevent calamitous climate change caused by atmosphere-fouling emissions. Continuing to pump money into coal, oil and gas does not make financial sense, and markets must be "re-oriented away from the counter-productive," he told UN climate envoysRead more

Wind power costs plunge in Asia's first auction for contracts

New Delhi - Arab Today

The cost of power generated from wind turbines plunged in Asia’s first auction for contracts to deploy the technology, a victory for India’s effort to reduce pollution and ensure supplies. Solar Energy Corp. of India Ltd., which conducted the auction for the government, said late Friday that it received bids to supply wind power for 3.46 rupees (5 U.S. cents)Read more

Climate change may overload US electrical grid

New York - AFP

As the planet warms due to climate change and hot days become more common, the US electrical grid could be unable to meet peak energy needs by century's end, researchers warned Monday. The cost to upgrade the US electrical grid so it could cope with peak demands may be on the order of $180 billion, said the report in theRead more

ExxonMobil names climate scientist to its board

New York - AFP

Oil giant ExxonMobil, long criticized over its stance on climate change and production of fossil fuels, has appointed a leading climate scientist to its board of directors. Susan Avery, an atmospheric physicist and former president of the famed Woods Hole Oceanographic Institution, will join the board of the petroleum giant on February 1, the company announced late Wednesday. Avery's researchRead more

Trudeau: Oil sands must be phased out

Ottawa - Arab Today

Canada must “phase out” Alberta’s oil sands and end the country’s dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. “We cannot shut down the oil sands tomorrow. We need to phase them out,” he said. “We need to manage the transition off our dependence on fossil fuels.” He was responding to a question at a town hall eventRead more

4 nations map course to carbon-free economies

Marrakesh (Morocco) - Arab Today

When it comes to purging fossil fuels from the global economy by mid-century -- our only hope of staving off catastrophic climate change -- it turns out that you can't get there from here without a good map. That's the thinking behind detailed, long-term plans for switching from dirty to clean energy unveiled this week by the United States, Canada,Read more